T-Mobile Coughed Up $33 Million in SIM Swap Lawsuit

Summary: Greenberg Glusker secured a million arbitration award against T-Mobile following a SIM swap attack that led to significant cryptocurrency theft. The attack exploited T-Mobile’s security failures, allowing an attacker to gain control of customer accounts. This case highlights the ongoing vulnerabilities in telecommunications security and the urgent need for better protections against SIM swapping.

Affected: T-Mobile

Keypoints :

• Arbitration award of million awarded to Greenberg Glusker over T-Mobile’s security failures.
• The SIM swap attack resulted in the theft of over 1,500 Bitcoin and 60,000 Bitcoin cash, valued at around million at the time.
• Law firm emphasizes that SIM swapping has been an ongoing security issue that carriers like T-Mobile need to address more effectively.